HYLSvsCPLSETF Comparison
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First Trust Tactical High Yield ETF (HYLS) belongs to the Alternatives segment. AB Core Plus Bond ETF (CPLS) is part of the US Aggregate Bonds segment. HYLS's top 3 sector exposures are Finance, Business Services and Consumer Services. In contrast, CPLS's top sector exposures are Sovereign, Finance and Technology. HYLS is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.3% for CPLS. HYLS is up 2% year-to-date (YTD) with -$92M in YTD flows. CPLS performs worse with -1.6% YTD performance, and +$16M in YTD flows. Run a side-by-side ETF comparison of HYLS and CPLS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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HYLS vs CPLS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HYLS CPLS | -1.49%-1.17% | -0.38%-2.20% | +2.00%-1.60% | +2.75%-1.27% | +17.39%n/a | +9.34%n/a |
| Flows | HYLS CPLS | -$6M-$7M | -$12M-$7M | -$92M+$16M | +$6M+$34M | +$112M- | -$337M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HYLS CPLS | +2.51%+3.79% | +2.92%+3.56% | +3.64%n/a | +5.17%n/a |
| Max drawdown | HYLS CPLS | -1.57%-2.66% | -2.22%-3.05% | -3.67%n/a | -16.13%n/a |
| Max drawdown duration | HYLS CPLS | 30d78d | 84d198d | 57dn/a | 1066dn/a |
Trading data
HYLS | CPLS | |
Last sale 9/17/2026 at 7:29 PM | $40.24 | $34.11 |
| Previous close 09/16/2026 | $40.14 | $33.98 |
| Consolidated volume 09/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/17/2026 at 7:29 PM
Live
Closed
HYLS | CPLS | |
|---|---|---|
| Last price | $40.24 | $34.11 |
| 1D performance | +0.25% | +0.38% |
| AuM | $1.61 B | $201.93 M |
| E/R | 0.69% | 0.3% |
Characteristics
HYLS | CPLS | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | AllianceBernstein |
| Benchmark | - | - |
| N° of holdings | 246 | 762 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 25, 2013 | December 13, 2023 |
| ESG | No | No |
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Exposure
Countries
HYLS
USA
71.69%
Other
28.31%
CPLS
USA
76.26%
Other
23.74%
Sectors
HYLS
Finance
18.7%
Business Services
12.92%
Consumer Services
9.91%
Industrials
9.02%
Other
49.45%
CPLS
Sovereign
41.67%
Finance
17.33%
Other
41%
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Diversification
HYLS
Total weight of top 15 holdings out of 15
15.63%
CPLS
Total weight of top 15 holdings out of 15
33.5%
Top 15 holdings
Data as of July 31, 2026
HYLS
Rocket Companies, 6.375% 1aug2033, USD
1.55%
1011778 B.C., 4% 15oct2030, USD
1.47%
United Rentals (North America), 6% 15dec2029, USD
1.27%
Quikrete Holdings, 6.75% 1mar2033, USD
1.08%
Fair Isaac, 6% 15may2033, USD
1.07%
Cloud Software Group, 9% 30sep2029, USD
1.04%
Viking Ocean Cruises Ship VII, 5.625% 15feb2029, USD
1.03%
Builders FirstSource, 6.75% 15may2035, USD
1.02%
EchoStar, 10.75% 30nov2029, USD
1.00%
TransDigm, 6.375% 31may2033, USD
0.93%
Shift4 Payments, 6.75% 15aug2032, USD
0.91%
Alliant Holdings Intermediate, 6.75% 15apr2028, USD
0.90%
Venture Global LNG, 7.75% 1may2035, USD
0.82%
Raven Acquisition Holdings, 6.875% 15nov2031, USD
0.77%
Neptune BidCo US, 9.29% 15apr2029, USD
0.77%
CPLS
USA, Notes 4.875% 31oct2030, USD (R-2030)
5.44%
USA, Notes 4% 28feb2030, USD (H-2030)
4.98%
USA, Notes 3.625% 31aug2030, USD (AC-2030)
3.13%
USA, Notes 4.25% 15nov2034, USD (F-2034)
3.05%
USA, Bonds 3.125% 15may2048, USD
2.26%
USA, Notes 4.25% 31dec2026, USD (BM-2026)
1.99%
USA, Notes 3.875% 30nov2029, USD (S-2029)
1.95%
USA, Notes 4.125% 15feb2036, USD (B-2036)
1.91%
USA, Bonds 4% 15nov2052, USD
1.46%
USA, Notes 3.5% 31jan2030, USD (G-2030)
1.45%
USA, Notes 4.125% 31jan2027, USD (AW-2027)
1.44%
USA, Notes 4.125% 30nov2029, USD (AG-2029)
1.22%
USA, Notes 3.375% 31dec2027, USD (BM-2027)
1.14%
USA, Notes 3.875% 31dec2029, USD (T-2029)
1.11%
USA, Notes 4.125% 31aug2030, USD (P-2030)
0.99%
Frequently asked questions about HYLS and CPLS
How have the HYLS and CPLS ETFs performed in 2026?
As of September 15, 2026, HYLS is up 2% year-to-date (YTD), while CPLS has lost -1.6%. That puts HYLS better performer ahead so far this year.
Which ETF is attracting more investor money: HYLS or CPLS?
Year-to-date, the HYLS ETF saw -$92M in flows, compared to +$16M for CPLS.
Which ETF is more volatile: HYLS or CPLS?
Over the past year, HYLS had a volatility of 2.92%, while CPLS experienced 3.56%.
Which ETF is bigger: HYLS or CPLS?
As of September 15, 2026, HYLS holds $1.61 B in assets under management (AUM), while CPLS manages $201.93 M.
What sectors do the HYLS and CPLS ETFs invest in?
HYLS leans toward sectors like Finance, Business Services and Consumer Services. Meanwhile, CPLS focuses on Sovereign and Finance.
What are the top holdings of the HYLS ETF and CPLS ETF?
HYLS top holdings include Rocket Companies, 6.375% 1aug2033, USD, 1011778 B.C., 4% 15oct2030, USD and United Rentals (North America), 6% 15dec2029, USD. CPLS holds in its top three: USA, Notes 4.875% 31oct2030, USD (R-2030), USA, Notes 4% 28feb2030, USD (H-2030) and USA, Notes 3.625% 31aug2030, USD (AC-2030).
Which ETF is more diversified: HYLS or CPLS?
HYLS holds 247 securities with 15.63% of its assets in the top 15. CPLS has 824 securities and a top 15 weight of 33.5%.
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